Real Money

Cash America International, Inc. (NYSE: CSH) reported today that its
fourth quarter ended December 31, 2012 net income attributable to the
Company was $24,480,000 (79 cents per share), which included previously
...

Corporate operations primarily include corporate expenses, such as personnel, legal, occupancy, and other costs related to corporate service functions, such as executive oversight, insurance and risk management, public and government relations, internal audit, treasury, payroll, compliance and licensing, finance, accounting, tax and information systems (except for online lending systems, which are included in the e-commerce segment). Corporate income includes miscellaneous income not directly attributable to the Company’s segments. Corporate assets primarily include: corporate property and equipment, nonqualified savings plan assets, marketable securities, foreign exchange forward contracts and prepaid insurance.

Retail Services

E-Commerce

Domestic

Foreign

Total

Domestic

Foreign

Total

Corporate

Consolidated

Three Months Ended December 31, 2012

Revenue

Pawn loan fees and service charges

$

77,354

$

2,125

$

79,479

$

-

$

-

$

-

$

-

$

79,479

Proceeds from disposition of merchandise

175,546

10,389

185,935

-

-

-

-

185,935

Consumer loan fees

32,496

-

32,496

100,484

89,884

190,368

-

222,864

Other

1,943

697

2,640

499

14

513

173

3,326

Total revenue

287,339

13,211

300,550

100,983

89,898

190,881

173

491,604

Cost of revenue

Disposed merchandise

118,311

8,990

127,301

-

-

-

-

127,301

Consumer loan loss provision

10,095

-

10,095

47,532

39,588

87,120

-

97,215

Total cost of revenue

128,406

8,990

137,396

47,532

39,588

87,120

-

224,516

Net revenue

158,933

4,221

163,154

53,451

50,310

103,761

173

267,088

Expenses

Operations and administration

104,837

14,066

118,903

33,216

32,604

65,820

14,331

199,054

Depreciation and amortization

8,524

2,121

10,645

3,611

380

3,991

3,910

18,546

Total expenses

113,361

16,187

129,548

36,827

32,984

69,811

18,241

217,600

Income (loss) from operations

$

45,572

$

(11,966)

$

33,606

$

16,624

$

17,326

$

33,950

$

(18,068)

$

49,488

As of December 31, 2012

Total assets

$

1,031,431

$

85,607

$

1,117,038

$

391,068

$

179,554

$

570,622

$

130,598

$

1,818,258

Goodwill

$

397,845

$

210,371

$

608,216

Retail Services

E-Commerce

Domestic

Foreign

Total

Domestic

Foreign

Total

Corporate

Consolidated

Three Months Ended December 31, 2011

Revenue

Pawn loan fees and service charges

$

71,420

$

4,643

$

76,063

$

-

$

-

$

-

$

-

$

76,063

Proceeds from disposition of merchandise

200,953

14,243

215,196

-

-

-

-

215,196

Consumer loan fees

33,360

-

33,360

72,909

73,855

146,764

-

180,124

Other

2,402

253

2,655

201

(545)

(344)

263

2,574

Total revenue

308,135

19,139

327,274

73,110

73,310

146,420

263

473,957

Cost of revenue

Disposed merchandise

134,440

10,705

145,145

-

-

-

-

145,145

Consumer loan loss provision

8,549

-

8,549

31,401

40,533

71,934

-

80,483

Total cost of revenue

142,989

10,705

153,694

31,401

40,533

71,934

-

225,628

Net revenue

165,146

8,434

173,580

41,709

32,777

74,486

263

248,329

Expenses

Operations and administration

89,495

8,269

97,764

26,095

25,545

51,640

16,251

165,655

Depreciation and amortization

6,806

1,412

8,218

2,457

232

2,689

3,642

14,549

Total expenses

96,301

9,681

105,982

28,552

25,777

54,329

19,893

180,204

Income (loss) from operations

$

68,845

$

(1,247)

$

67,598

$

13,157

$

7,000

$

20,157

$

(19,630)

$

68,125

As of December 31, 2011

Total assets

$

941,801

$

117,470

$

1,059,271

$

352,244

$

135,774

$

488,018

$

126,960

$

1,674,249

Goodwill

$

352,439

$

210,282

$

562,721

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

INCOME FROM OPERATIONS BY OPERATING SEGMENT

(dollars in thousands)

Retail Services

E-Commerce

Domestic

Foreign

Total

Domestic

Foreign

Total

Corporate

Consolidated

Year Ended December 31, 2012

Revenue

Pawn loan fees and service charges

$

288,161

$

12,768

$

300,929

$

-

$

-

$

-

$

-

$

300,929

Proceeds from disposition of merchandise

657,104

46,663

703,767

-

-

-

-

703,767

Consumer loan fees

121,892

-

121,892

332,752

326,876

659,628

-

781,520

Other

9,028

1,209

10,237

1,326

33

1,359

2,618

14,214

Total revenue

1,076,185

60,640

1,136,825

334,078

326,909

660,987

2,618

1,800,430

Cost of revenue

Disposed merchandise

437,099

41,080

478,179

-

-

-

-

478,179

Consumer loan loss provision

29,225

-

29,225

143,006

144,063

287,069

-

316,294

Total cost of revenue

466,324

41,080

507,404

143,006

144,063

287,069

-

794,473

Net revenue

609,861

19,560

629,421

191,072

182,846

373,918

2,618

1,005,957

Expenses

Operations and administration

369,174

44,287

413,461

116,202

118,156

234,358

66,795

714,614

Depreciation and amortization

30,978

16,634

47,612

11,987

1,285

13,272

14,544

75,428

Total expenses

400,152

60,921

461,073

128,189

119,441

247,630

81,339

790,042

Income (loss) from operations

$

209,709

$

(41,361)

$

168,348

$

62,883

$

63,405

$

126,288

$

(78,721)

$

215,915

Retail Services

E-Commerce

Domestic

Foreign

Total

Domestic

Foreign

Total

Corporate

Consolidated

Year Ended December 31, 2011

Revenue

Pawn loan fees and service charges

$

261,829

$

20,368

$

282,197

$

-

$

-

$

-

$

-

$

282,197

Proceeds from disposition of merchandise

636,698

52,156

688,854

30

-

30

-

688,884

Consumer loan fees

119,192

-

119,192

254,152

225,302

479,454

-

598,646

Other

11,170

545

11,715

593

286

879

743

13,337

Total revenue

1,028,889

73,069

1,101,958

254,775

225,588

480,363

743

1,583,064

Cost of revenue

Disposed merchandise

405,132

42,462

447,594

23

-

23

-

447,617

Consumer loan loss provision

24,001

-

24,001

90,535

111,152

201,687

-

225,688

Total cost of revenue

429,133

42,462

471,595

90,558

111,152

201,710

-

673,305

Net revenue

599,756

30,607

630,363

164,217

114,436

278,653

743

909,759

Expenses

Operations and administration

339,247

33,604

372,851

88,577

84,544

173,121

65,296

611,268

Depreciation and amortization

26,165

5,871

32,036

10,413

850

11,263

10,850

54,149

Total expenses

365,412

39,475

404,887

98,990

85,394

184,384

76,146

665,417

Income (loss) from operations

$

234,344

$

(8,868)

$

225,476

$

65,227

$

29,042

$

94,269

$

(75,403)

$

244,342

CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES

LOCATION INFORMATION

Retail Services Segment

The following table sets forth the number of domestic and foreign Company-owned and franchised locations in the Company’s retail services segment offering pawn lending, consumer lending, and other services as of December 31, 2012 and 2011. The Company’s domestic retail services locations operate under the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,” “Cashland” and “Mr. Payroll.” In addition, certain recently acquired domestic retail services locations operate under various names that are expected be changed to “Cash America Pawn” during 2013. The Company’s foreign retail services locations operate under the name “Cash America casa de empeño” (previously operated under the name “Prenda Fácil”).

As of December 31,

2012

2011

Domestic(a)

Foreign

Total

Domestic (a)(b)

Foreign

Total

Retail services locations offering:

Both pawn and consumer

lending

581

-

581

572

-

572

Pawn lending only

167

47

214

126

190

316

Consumer lending only

83

-

83

86

-

86

Other (c)

91

-

91

110

-

110

Total retail services

922

47

969

894

190

1,084

(a)

Except as described in (c) below, includes locations that operate in 22 and 23 states in the United States as of December 31, 2012 and 2011, respectively.

(b)

Includes one unconsolidated franchised location operating under the name “Cash America Pawn” at December 31, 2011.

(c)

As of December 31, 2012 and 2011, includes zero and six consolidated Company-owned check cashing locations, respectively, and 91 and 104 unconsolidated franchised check cashing locations, respectively. As of December 31, 2012 and 2011, includes locations that operate in 15 and 18 states in the United States, respectively.